This text examines the legacy of the capital switching debate of the early 1960's and the enormous impact it has had on economic theory.

This study offers a perspective on Walras's pure, applied and social economics. Through archival research at the University of Lausanne, the author considers Walrus's ideas on the philosophy of science based on a newly constructed taxonomy. Walras's work is placed in a broader context by stressing the 19th-century cultural and historical background in which he lived. This gives an insight into the relationship between the Romanticism of the early 19th century and the logical positivism of the 20th century.

Examines the origin and early development of the classical theory of distribution up to 1767, stressing the concept of economic surplus as a key determinant of economic phenomena. The study considers the work of Sir William Petty, and the transmission of ideas from Petty to the classical school.

In a society where no central agency coordinates the human activity of producing, selling and buying, why is there order and not chaos? This fundamental question has taxed generations of economists. Hayek's notion of spontaneous order goes some way to providing an answer.
Hayek's Political Economy argues that afer explicitly rejecting positivism, Hayek was free to embrace reality and offer an explanation of the process involved in bringing about order.

This study documents energy policy as a key area in each of the world's economies. The oil shocks of the 1970's emphasized how important energy had become. In recent years a growing awareness of environmental issues has had a major impact on perceptions of energy use as growing numbers of people express concern at the relationship between energy and the greenhouse effect, acid rain and the depletion of the ozone layer. All of this has created a demand for more, and better, models of energy use.

This collection, by an economist who participated in many of the events described, sketches the more important economic developments from the end of the Second World War to the early 1980s. In so doing, it brings together a series of papers which were produced by Sir Alec Cairncross during this period. The topics covered include: economic development in the immediate post-war period, including some long neglected issues, such as the role of economists in the wartime government of Britain; sterling crises and devaluation during the 1960s and 1970s; the wider view and long-term issues involved,...

This volume presents the ideas of major figures in economics throughout history on key environmental issues such as population growth, resource scarcity and environmental contamination. Throughout, the historical roots of current debates are explored with empirical case studies illustrating the link between theory and practice. The final chapters look at current ideas on sustainability, and ethical and spiritual dimensions of humanity's relationship with the environment.
Providing fascinating insight into the development of environmental economic thought, this volume will be of great...

It is not only the UK education system which has recently undergone a process of change, although it has certainly been one of the most dramatically affected. Free market conceptions have played their part in these changes, particularly throughout the European Union. This collection therefore focuses on the economic and social contexts for education both in the UK and internationally, and how these have had an impact on the education systems of different countries.
The authors write from a wide range of standpoints, some supportive and some critical of the new paradigms, but all focus on...

This book presents essays by an outstanding team of international specialists and covers a wide range of topics, including (inter alia) the relationships between the Austrian and Swedish theories of the business cycle, the on-going debates between Austrians and (Post) Keynesians, Schumpeter's 'Walrasian' stand in the socialist calculation debate, and the Austrian roots of Neo-Institutional economics. The studies stress the unique Austrian contributions to economic methodology and to the theory of entrepreneurship, while revealing unexpected methodological and philosophical similarities...